Grand City Properties Sustainability Profile
Grand City Properties, a leading real estate investment and management firm, is headquartered in Luxembourg (LU) and operates extensively across Germany. Founded in 2004, the company has established itself as a key player in the residential property sector, focusing on the acquisition, development, and management of residential real estate. With a diverse portfolio that includes over 50,000 residential units, Grand City Properties is renowned for its commitment to quality and sustainability. The firm’s unique approach combines strategic asset management with a strong emphasis on tenant satisfaction, setting it apart in a competitive market. Recognised for its robust growth and innovative practices, Grand City Properties continues to strengthen its market position, making significant contributions to urban development and community enhancement across its operational regions.
DitchCarbon Score
How does Grand City Properties's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Grand City Properties's score of 32 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grand City Properties's reported carbon emissions
In 2023, Grand City Properties reported total carbon emissions of approximately 12,224,500 kg CO2e. This figure includes Scope 1 emissions of about 9,235,000 kg CO2e and Scope 2 emissions of approximately 972,000 kg CO2e. The company has shown a significant reduction in emissions compared to previous years, with a total of approximately 33,826,000 kg CO2e in 2022 and about 93,223,000 kg CO2e in 2021. Despite these reductions, Grand City Properties has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets through initiatives such as the Science Based Targets initiative (SBTi). The company operates as a current subsidiary of Grand City Properties S.A., with emissions data cascaded from this parent organization. Grand City Properties is committed to sustainability, although specific climate pledges or reduction initiatives have not been detailed in the available data. The company continues to focus on improving its environmental performance in line with industry standards.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 4,802,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 2 | 14,430,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 3 | - | - | - | - | 00,000,000 | 000,000,000 | - | - |
How Carbon Intensive is Grand City Properties's Industry?
How Carbon Intensive is Grand City Properties's Location?
Grand City Properties's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Grand City Properties has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
